Cement News tagged under: Weekly Newsletter
SCG cement revenues up 6%24 January 2018, Published under Cement NewsThai conglomerate Siam Cement Group (SCG) saw a 14 per cent YoY rise in consolidated sales in 4Q17 to THB113.4bn, as growth in the Packaging business offset a slight decline in the Chemicals division, reports the company. Consolidated EBITDA advanced by seven per cent YoY to THB26.593bn. Revenues from SCG’s Cement-Building Materials in 4Q17 increased six per cent YoY to THB43.372bn due to the contribution of the expanded ASEAN operations. However, EBITDA was impacted by the weakness in th... |
Thanh Thang to develop third line24 January 2018, Published under Cement NewsThanh Thang Group Cement JSC is investing VND800bn (US$35.2m) in developing the third production line in Ha Nam, northern Vietnam. Construction of the 2.3Mta facility is expected to be completed in 2021. In July 2017 Thanh Thang inaugurated its second production line, which is also located in Ha Nam province. The VND5tn line has a clinker capacity of 6000tpd or 2.3Mta of cement. |
SOTACIB Feriana shutdown results in white cement shortage23 January 2018, Published under Cement NewsThe production stop at the Feriana white cement plant of Société Tuniso-Andalouse de Ciment Blanc (SOTACIB) on 26 December 2017 has led to a shortage of white cement in the Tunisian market. The Tunisian Organisation for Consumer Information (OTIC) has warned against imports to fill the gap between demand and supply, stating imports were likely to be 2-3 times more expensive. The company announced on 5 January 2018 the plant would be closed from 19 January 2018 for a period of six mont... |
PPC improves liquidity position22 January 2018, Published under Cement NewsPPC has rescheduled the debt related to its new plant in the Democratic Republic of Congo, improving its liquidity position. The South Africa-based cement producer has also secured a two-year capital repayment moratorium. As a result, the total capital requirements for PPC Barnet DRC would be limited to interest payments from this month up to January 2020. PPC has a 69 per cent stake in PPC Barnet DRC, a joint venture with Barnet Group, which has a 21 per cent shareholding, and the In... |
Cembureau highlights role of cement industry in EU plastic waste disposal17 January 2018, Published under Cement NewsFollowing the European Commission's initiative to develop a dedicated plastics strategy in a circular economy, published on 16 January, the European cement association, Cembureau, has highlighted the part played by the cement industry in reducing plastic waste. Apart from the importance of the need for a ban on landfill of recoverable and recyclable waste, the organisation urges policymakers to strongly focus on the recognition that cement plants can treat different waste streams such as ... |
Steppe Cement sees 20% revenue rise in 201716 January 2018, Published under Cement NewsSteppe Cement has announced that its full-year revenue for 2017 was 20 per cent higher than the previous year, reports Alliance News. The revenue for the period increased to KZT21.4bn (US$65m) from KZT17.9bn seen in 2016. The rise in revenue has been attributed to both an increase in cement prices and the volume of cement sold. The Kazakhstan-based manufacturer saw a 3.8 per cent YoY increase in the sales volume of cement, to 1.63Mt from 1.57Mt. Prices were up 15 per cent for 2017, with a... |
JSW Cement to bid on Binani Cement15 January 2018, Published under Cement NewsJSW Cement Ltd will partner with a global equity firm to bid for Binani Cement, according to The Hindu BusinessLine. It is expected that as many as 11 industry players, including Ultratech and Dalmia, will submit a bid for the company which is currently undergoing the bankruptcy process. "There are a lot of bidders and this is going to get aggressive because nobody wants to leave these assets; we would not want to leave these assets," said Sajjan Jindal, managing director, JSW Group. ... |
Big Boss Cement launched in Manila11 January 2018, Published under Cement NewsA new cement business, Big Boss Cement Inc, was launched in Manila, Philippines, on Thursday, according to ABS-CBN News. The company plans to use lahar or other volcanic debris to produce cement, since the process requires less heat than conventional raw materials and therefore, will reduce CO 2 emissions. The chairman of Big Boss Cement, Henry Sy Jr, also serves as chairman of SM Prime Holdings. "There’s a huge demand for cement. The company believes we should be able to fill in the d... |
Vietnam cement consumption reaches 62Mt in 201710 January 2018, Published under Cement NewsVietnam’s demand for cement increased seven per cent YoY to 62Mt in 2017, according to the Department of Price Management, Ministry of Finance. The rise in cement sales has been attributed to a rise in construction projects, particularly in the real estate and transport sector. However, when compared with 2016, the increase was marginal as prolonged rains and storms impacted sales. Cement consumption in December advanced three per cent to 6.5Mt with prices reported as stable as inputs... |
Mexican cement producers raise prices10 January 2018, Published under Cement NewsAt the start of the new year, Mexican cement producers have raised the price of grey cement between 6-10 per cent, according to Ramiro Páez Cruz, president of the Mexican Association of Independent Concrete Co (AMCI). Cruz Azul and Fortaleza raised the prices of their products by five per cent while the increase by Cemex, Moctezuma and Holcim was 6.25, seven and 10 per cent, respectively. The increases in cement prices will be passed on to the customers, said Mr Páez Cruz with concre... |